One article comprehension: Principles, technologies, and application areas of blockchain

In today’s digital age, blockchain technology has become a highly anticipated topic worldwide. From finance to supply chain, from the Internet of Things to digital identity, blockchain is rapidly penetrating into various industries and reshaping our social and economic landscape.

Blockchain initially attracted people’s attention as the technology behind Bitcoin. But now, it has gone far beyond just being used as a digital currency. It is considered a revolutionary technology with the potential to change our traditional business models, enhance data security and credibility, and promote more fair and transparent transactions.

The core idea of blockchain is to establish a decentralized and tamper proof distributed ledger, making data transmission and storage more secure, efficient, and reliable. On this ledger, all transactions are recorded and protected through encryption technology, making the data less susceptible to tampering or forgery. This decentralized nature means that there is no longer a need to rely on a single centralized institution or authority to verify and manage data, but rather it is jointly maintained by participants in the network.

It is precisely because of these characteristics that blockchain technology is triggering changes in various industries. In the financial sector, it is changing payment and settlement methods to improve the efficiency and security of asset transactions; In the field…